Megatrends

The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.

Strategy Briefing

Emerging Vs. G7 Cities 2030

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

About This Report

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

Growing economic power of emerging markets is no longer news. However, will their impressive development put them side by side with G7 economies by 2030? City-level analysis reveals that by the end of the next decade key cities from seven major emerging countries will still lag considerably behind G7 ones in living standards, household purchasing power, especially at the higher end, and the sophistication of consumer spending.

Files are delivered directly into your account within a few minutes of purchase.

Why buy this report?

E7 cities impress with growth, G7 cities with size

7 cities, particularly those in China, India and Indonesia, are forecast to witness remarkable real GDP growth, with their real economies doubling over the period to 2030. Meanwhile, major G7 cities are expected to still outweigh on the sheer size of their economies by the end of the next decade.

By 2030 Chinese cities will assert their influence the most from the E7 group

Asian anchors, Beijing and Shanghai, will climb into the top 10 largest metropolitan economies within the overall group under analysis. Emerging gateways – Shenzhen, Guangzhou and Tianjin – will join the top 15 league.

Yet in terms of average living standards, that is GDP per capita, there is still a long road ahead

By 2030 the overwhelming majority of key emerging cities are not expected to attain the average affluence level even of the “poorest” urban economy in the G7 group, which is Leeds, reflecting the weaknesses and potential threats that remain to be tackled by the emerging markets.

Average real household incomes among E7 cities in 2030 will be a third of those in G7 cities

Only three Chinese cities – Beijing, Shanghai and Guangzhou – will have a comparable real household disposable income to some weaker G7 urban economies, such as Berlin, Osaka and Rome, of around USD50,000 in 2030.

By 2030 E7 cities will not disturb the ranks of G7 ones in the proportional size of a high-income class

While key E7 cities will make significant progress in lifting their residents out of poverty, and some will even offer middle class segments comparable in size to those in G7 metropolises, the former are still forecast to lag in the prevalence of high-income households (by the developed world standard) by 2030.

G7 cities will remain dominant consumer markets by 2030

In 2030 a ranking of top cities by consumer expenditure will still be overwhelmingly dominated by G7 metropolises. Although expected to decline, spending shares on necessities will remain higher in E7 cities than G7 ones.